Lead Project Accountant

LCG Inc.; Rockville (MD); Hybrid; USD 108,000 - 123,000; Full time

Benefits offered by this job

Health insurance

Life insurance

Disability insurance

Retirement plan contributions

Paid leave & holidays

Professional development

Job summary

LCG invites a seasoned Lead Project Accountant to own financial management for federal IT government contracts. This hybrid role requires one onsite day weekly at Rockville, MD, reporting to the Director of Finance.

You will own budgets, forecasts, invoicing, and revenue across FFP and T&M contracts, collaborating with project managers and leadership. Ideal candidate brings extensive government contracting experience, independent judgment, and strong collaboration across Contracts and Operations

Qualifications

• Associate degree or higher in a related field; accounting/finance preferred.
• 7+ years in project control/financial mgmt within government contracting.
• Experience leading client billing and revenue management for government contracts.

Responsibilities

• Develop and maintain project cost estimates, forecasts, and budgets for complex contracts.
• Monitor costs, report variances, and recommend corrective actions to project managers and leadership.
• Lead financial reviews of contract modifications and changes to budgets and costs.
• Manage Deltek Costpoint project setup, modifications, and workforce assignments; ensure data integrity.
• Prepare and validate client invoices across FFP and T&M contracts and process via IPP and portals.
• Reconcile billed/unbilled amounts for GAAP and FAR compliance; manage receivables and overdue issues.
• Support audits and incurred cost submissions with project finance data.

Skills

Project accounting

Independent work

Analytical thinking

Time management

Communication skills

GAAP knowledge

Education

Associate degree in Accounting/Finance/Business Admin

Bachelor's degree in Accounting/Finance (preferred)

Tools

Deltek Costpoint

Excel (advanced) with Pivot Tables

Job description

Job Title: Lead Project Accountant

Worker Classification: Full-Time, Regular

Work Schedule: Hybrid - 1 days onsite per week required

Job Overview

LCG is seeking a Lead Project Accountant to own project financial management for a federal IT government contractor. This is a full time, hybrid position requiring onsite presence one (1) day per week at our Rockville, MD office.

This is a senior individual contributor role for someone who works with a high degree of independence and minimal direction. The Lead Project Accountant owns project controls, client billing, and revenue management across LCG's government contracts, and serves as the subject matter expert on complex project accounting matters for project managers and LCG Leadership. This position reports to the Director, Finance.

The Lead Project Accountant owns project budgets, forecasts, and estimates at completion, leads the financial review of contract modifications, and owns invoicing across firm fixed price (FFP) and time and materials (T&M) contracts. The role also leads project accounting work for month end and year end close and serves as a primary point of contact for project financial data during audits and incurred cost submissions.

The ideal candidate is an experienced project accountant with federal government contracting experience who can manage complex contracts on their own, make sound decisions, and work effectively with project managers and leaders across the company.

Key Responsibilities

• Own the development and maintenance of project cost estimates, forecasts, estimates at completion (EAC), and budgets, including for complex contracts with multiple funding sources.
• Monitor project performance, track costs, and report variances to project managers and LCG Leadership, recommending corrective action when needed.
• Perform complex cost and schedule analysis to identify risks and recommend mitigation strategies.
• Lead the financial review of contract modifications, including financial impact analyses and changes to budgets, funding, and costs.
• Manage Deltek Costpoint project setup, contract modifications, and workforce assignments, and set standards for project setup and data integrity.
• Own the preparation and accuracy of client invoices across all contract types, including FFP and T&M.
• Submit invoices through the Invoice Processing Platform (IPP) and other customer portals.
• Reconcile billed and unbilled amounts to ensure proper revenue recognition under Generally Accepted Accounting Principles (GAAP) and the Federal Acquisition Regulation (FAR).
• Monitor receivables, follow up on overdue invoices, and resolve complex billing discrepancies and escalated payment issues with customers.
• Enter and reconcile cash receipts and prepare monthly revenue forecasts against targets.
• Prepare and present monthly and annual financial reports to project managers and LCG Leadership.
• Lead project accounting activities for month end and year end close, including revenue accruals, expense adjustments, and account reconciliations.
• Review and process subcontractor timesheets and labor costs, record accounts payable entries for project other direct costs (ODC), and post monthly project journal entries.
• Serve as a primary point of contact for project financial data during internal, external, and government audits.
• Lead the preparation and validation of project cost data for incurred cost submissions.
• Provide expert financial guidance to project managers and LCG Leadership on cost management, forecasting, and project profitability.
• Collaborate with Contracts, Operations, and other teams to align financial objectives with project requirements.
• Identify and recommend improvements to project accounting and billing processes, internal controls, and Costpoint configuration.

Qualifications

• Associate degree in Accounting, Finance, Business Administration, or a related field.
• At least seven years of experience in project control, financial management, or related roles in a government contracting environment.
• Proven experience leading client billing and revenue management for government contracts.
• Demonstrated experience supporting government audits and incurred cost submissions.
• Expert knowledge of government contracting regulations, including the FAR and Cost Accounting Standards (CAS).
• Advanced proficiency in Deltek Costpoint.
• Advanced Excel skills, including pivot tables and financial modeling.
• Proven ability to work independently and exercise sound judgment with minimal supervision.
• Ability to manage multiple priorities and meet strict deadlines.
• Strong written and verbal communication skills.
• Ability and willingness to work onsite one (1) days per week at the Rockville, MD office is required.

Preferred Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.

Compensation and Benefits

The projected compensation range for this position is $108,000 to $123,000 per year benchmarked in the Washington, D.C. metropolitan area. The salary range provided is a good faith estimate representative of all experience levels. Salary at LCG is determined by various factors, including but not limited to role, location, the combination of education/training, knowledge, skills, competencies, certifications, and work experience.

LCG offers a competitive, comprehensive benefits package which includes health insurance options (medical, dental, vision), life and disability insurance, retirement plan contributions, as well as paid leave, federal holidays, professional development, and lifestyle benefits.

Devoted to Fair and Inclusive Practices

All qualified applicants will receive consideration for employment without regard to sex, race, ethnicity, age, national origin, citizenship, religion, physical or mental disability, medical condition, genetic information, pregnancy, family structure, marital status, ancestry, domestic partner status, sexual orientation, gender identity or expression, veteran or military status, or any other basis prohibited by law.

Use of Artificial Intelligence in Recruiting

LCG may use artificial intelligence (AI) and other automated technologies to support portions of the recruiting and hiring process, including resume review, candidate matching, interview scheduling, skills assessment, and other administrative functions. AI-assisted tools are used solely to support our hiring process and do not independently determine employment outcomes. Final hiring decisions are made by trained hiring professionals following a comprehensive review of each candidate's qualifications. We are committed to equal employment opportunity and strive to ensure our hiring practices are fair, transparent, and compliant with applicable laws. Applicants needing a reasonable accommodation during the application or interview process should contact Human Resources.